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20091101
20091130
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a little bit more about what the fed's been concerned about in the united states, which is, of course, commercial real estate. most of the stuff that was going on, dubai was overbuilding. they lost tenants or didn't get tenants. and they tried to obviously create a tourist destination in the middle of the desert. now that we've had a global slowdown and business has dropped off, obviously their bull's eye for really representing the problems of commercial real estate. which, by the way, if you take a couple more steps back, if you look t it, who are the banks that are affected by this? obviously in the uae we know that a tremendous amount of european banks have debt of the uae. but also a little bit in the united states. citigroup as well. the people that find themselves who are going to be hurt by this could also be small and medium-sized firms here in the united states as banks globally pull back, have to put aside loan loss reserves. and, of course, not lend much to the small and medium-sized firms. >> andy bush, you were mentioning the fed. is there a lesson for the fed here? what
think? >> i don't think they'll be taken down by regulators. if we take a look at yus the united states in general and our water infrastructure, most of the pipes in the ground are 80 years old or more. so when a pipe breaks, you have to fix it. and i just don't see regulators pushing back against profit margins on companies when the infrastructure investments are necessary. >> debra, what does a stat like that mean? when we say demand is going to exceed supply by 40% it makes it sound like everybody's going to die. where is there not going to be water? tell us what ma means. >> if you take a closer look at that report basically it means water is being used inefficiently. what the report says is that if we keep on the way that we're wasting water that we'll run out. agriculture overuses water. industry overuses water. residents, particularly in america, over use water. it's really about water efficiency. if we use the water that we have more efficiently, nobody's going to die. what that does mean is that people are going to have to pay more for less water use. and that's something that
, these are the companies with the most exposure to dubai or to the united states arab emirates. so they have been weaker tloit throughout the session. see how the spillover has been in u.s. banks. citi has 1.9 billion exposure to the united arab emirates, so it's under a little pressure. take a look at that five cent loss. not much. i want to end with one european bang we've been watching today. it's ing. one of the biggest losers on the new york stock exchange, but it's having a rights offering today. 7.5 billion. to help repay this to the government. take a look at this. the dow's down only 109 right now. >> certainly a lot of recovery. thank you very much. now, let's bring in david faber. interesting how the market has started to take a deep breath and the step back, but it's worthwhile to look at those dubai headlines again. >> more than 48 hours past since the news, dubai saying we want a standstill on our debt agreements, our ability to repay those maturities is in some doubt. let's take a look at the schedule we're talking about. the s&p well off its lows as you heard mary just say. our own marke
? >> i think longer term, the story is is about the luxury consumer outside the united states and i think the thing to keep in mind as we look at the u.s. luxury goods, houses, tiffany would be the primary, coach as well. if they can have a u.s.-based central cost, manufacture their product globally, but sell it from outside the united states basis, that's a very nice combination with the weak dollar. a u.s. exporter of a luxury brand is a pretty good recipe longer term. >> thank you for your time. >>> coming up, we've got our bull-bear debate and we're going to discuss whether the american consumer will buy enough to keep the rally going. >>> and we'll show you a group of students who are managing some of their college endowment fund and getting outstanding results. i drove my first car from my parent's home in the north of england to my new job at the refinery in the south. i'll never forget. it used one tank of petrol and i had to refill it twice with oil. a new car today has 95% lower emissions than in 1970. exxonmobil is working to improve cars, liners of tires, plastics which are li
Search Results 0 to 3 of about 4